We use cookies on the public areas of our website. They let you easily navigate your way around the site and allow us to improve its performance, or even recommend content we believe will be of most interest to you. By continuing to browse the site you are agreeing to our use of cookies. If you would like to learn more about how we use cookies and how you can manage them, see our Privacy & Cookie Policy.

Thank you.

MENA upstream month in brief: 3 November 2015

Report summary

The four largest service companies all reported lower revenues for the Middle East/Asia region. However, key development projects in the region continued apace. Eni pushed ahead with development plans for Zohr in Egypt, the Faihaa oil field came onstream in federal Iraq and in the UAE, Occidental's Shah sour gas development fully ramped up production. Qatar awarded the first Bul Hanine redevelopment contract, and Kuwait's long awaited Al Zour refinery contracts were signed. In other events, Libyan production increased as Zueitina reopened, Israel got closer to signing off the Leviathan gas agreement and Oman made its first award from its 2014 bid round. We also look ahead to Iran unveiling its new fiscal terms at the end of November.

Our clients

Wood Mackenzie's clients include every major player in the global energy, metals and mining industries. We are recognised as a leading authority by international and national energy, metals and mining companies, leading financial institutions, governments and government agencies. We work with a range of diverse teams within our clients, from strategy and policy makers, business developers and market analysts, through to corporate finance, risk teams and investors.

Having Wood Mac analysis is table-stakes. Others are nice to have.

Analyst Metal Mining Producer

Wood Mac has the highest quality data and is demanded by our staff.

Portfolio Manager Integrated Oil Company

Others can provide data but we value the quality of the Wood Mac analysis above other sources.

Questions about this report?

Why Wood Mackenzie?

As the trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, we empower clients to make better strategic decisions with objective analysis and advice. Find out more...

Contact Us

Insight | Nov 2015

MENA upstream month in brief: 3 November 2015

Have questions? Just let us know how to contact you and we will respond to you as soon as possible.